No. 45 : India's Overall Balance of Payments in Dollars (Part 2 of 2) - RBI - Reserve Bank of India
No. 45 : India's Overall Balance of Payments in Dollars (Part 2 of 2)
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(US $ million) |
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Items |
April-June 1997PR |
July-Sept.1997PR |
Oct.-Dec.1997PR |
Jan.-March 1998PR |
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|
Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
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|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
|
A. |
CURRENT ACCOUNT |
|||||||||||||
I. |
MERCHANDISE |
8675 |
12803 |
- 4128 |
8990 |
11682 |
- 2692 |
8696 |
13300 |
- 4604 |
9319 |
13402 |
- 4083 |
|
II. |
INVISIBLES (a+b+c) |
5674 |
2908 |
2766 |
6271 |
3400 |
2871 |
6034 |
3188 |
2846 |
5265 |
3741 |
1524 |
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a) |
Services |
2219 |
2045 |
174 |
2137 |
2054 |
83 |
2683 |
1854 |
829 |
2390 |
2157 |
233 |
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i) |
Travel |
635 |
342 |
293 |
626 |
413 |
213 |
831 |
309 |
522 |
822 |
373 |
449 |
|
ii) |
Transportation |
503 |
696 |
-193 |
519 |
676 |
- 157 |
355 |
554 |
- 199 |
459 |
596 |
- 137 |
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iii) |
Insurance |
59 |
30 |
29 |
67 |
59 |
8 |
46 |
39 |
7 |
68 |
55 |
13 |
|
iv) |
G.n.i.e. |
26 |
56 |
- 30 |
76 |
33 |
43 |
65 |
23 |
42 |
109 |
48 |
61 |
|
v) |
Miscellaneous |
996 |
921 |
75 |
849 |
873 |
- 24 |
1386 |
929 |
457 |
932 |
1085 |
- 153 |
|
b) |
Transfers |
3063 |
8 |
3055 |
3714 |
13 |
3701 |
2987 |
9 |
2978 |
2490 |
15 |
2475 |
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vi) |
Official |
74 |
- |
74 |
68 |
- |
68 |
130 |
- |
130 |
107 |
- |
107 |
|
vii) |
Private |
2989 |
8 |
2981 |
3646 |
13 |
3633 |
2857 |
9 |
2848 |
2383 |
15 |
2368 |
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c) |
Income |
392 |
855 |
-463 |
420 |
1333 |
- 913 |
364 |
1325 |
- 961 |
385 |
1569 |
- 1184 |
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i) |
Investment Income |
392 |
849 |
-457 |
420 |
1316 |
- 896 |
364 |
1319 |
- 955 |
385 |
1536 |
- 1151 |
|
ii) |
Compensation of employees |
- |
6 |
- 6 |
- |
17 |
- 17 |
- |
6 |
- 6 |
- |
33 |
- 33 |
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Total Current Account (I+II) |
14349 |
15711 |
- 1362 |
15261 |
15082 |
179 |
14730 |
16488 |
- 1758 |
14584 |
17143 |
- 2559 |
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B. |
CAPITAL ACCOUNT |
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1. |
Foreign Investment |
2628 |
752 |
1876 |
2131 |
874 |
1257 |
2519 |
1229 |
1290 |
1988 |
1058 |
930 |
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(a+b) |
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a) |
In India |
2615 |
716 |
1899 |
2125 |
838 |
1287 |
2495 |
1198 |
1297 |
1934 |
1027 |
907 |
|
i. |
Direct |
1179 |
15 |
1164 |
797 |
2 |
795 |
795 |
13 |
782 |
825 |
4 |
821 |
|
ii. |
Portfolio |
1436 |
701 |
735 |
1328 |
836 |
492 |
1700 |
1185 |
515 |
1109 |
1023 |
86 |
|
b) |
Abroad |
13 |
36 |
- 23 |
6 |
36 |
- 30 |
24 |
31 |
- 7 |
54 |
31 |
23 |
|
2. |
Loans (a+b+c) |
4183 |
2187 |
1996 |
5003 |
3179 |
1824 |
4239 |
3587 |
652 |
3876 |
3549 |
327 |
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a) |
External Assistance |
434 |
483 |
- 49 |
632 |
508 |
124 |
844 |
440 |
404 |
975 |
569 |
406 |
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i) |
By India |
- |
6 |
- 6 |
- |
9 |
- 9 |
- |
5 |
- 5 |
- |
2 |
- 2 |
|
ii) |
To India |
434 |
477 |
- 43 |
632 |
499 |
133 |
844 |
435 |
409 |
975 |
567 |
408 |
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b) |
Commercial Borrowings |
1826 |
361 |
1465 |
2528 |
851 |
1677 |
1678 |
1098 |
580 |
1350 |
1062 |
288 |
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(MT & LT) |
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i) |
By India |
3 |
- |
3 |
7 |
- |
7 |
1 |
- |
1 |
- |
- |
- |
|
ii) |
To India |
1823 |
361 |
1462 |
2521 |
851 |
1670 |
1677 |
1098 |
579 |
1350 |
1062 |
288 |
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c) |
Short Term To India |
1923 |
1343 |
580 |
1843 |
1820 |
23 |
1717 |
2049 |
- 332 |
1551 |
1918 |
- 367 |
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3. |
Banking Capital (a+b) |
3095 |
2001 |
1094 |
1614 |
3044 |
- 1430 |
1970 |
3397 |
- 1427 |
2231 |
1361 |
870 |
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a) |
Commercial Banks |
2647 |
1999 |
648 |
1614 |
2865 |
- 1251 |
1710 |
3239 |
- 1529 |
2193 |
1321 |
872 |
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i) |
Assets |
285 |
455 |
-170 |
229 |
894 |
- 665 |
58 |
1377 |
- 1319 |
8 |
49 |
- 41 |
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ii) |
Liabilities |
23 |
77 |
- 54 |
14 |
49 |
- 35 |
9 |
6 |
3 |
6 |
110 |
- 104 |
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iii) |
Non-Resident Deposits |
2339 |
1467 |
872 |
1371 |
1922 |
- 551 |
1643 |
1856 |
- 213 |
2179 |
1162 |
1017 |
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b) |
Others |
448 |
2 |
446 |
- |
179 |
- 179 |
260 |
158 |
102 |
38 |
40 |
- 2 |
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4. |
Rupee Debt Service |
- |
633 |
-633 |
- |
2 |
- 2 |
- |
50 |
- 50 |
- |
82 |
- 82 |
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5. |
Other Capital |
690 |
833 |
-143 |
195 |
329 |
- 134 |
1293 |
594 |
699 |
1637 |
707 |
930 |
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Total Capital Account |
10596 |
6406 |
4190 |
8943 |
7428 |
1515 |
10021 |
8857 |
1164 |
9732 |
6757 |
2975 |
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(1 to 5) |
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C. |
Errors & Omissions |
312 |
- |
312 |
- |
1018 |
- 1018 |
- |
833 |
- 833 |
1706 |
- |
1706 |
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D. |
Overall Balance |
25257 |
22117 |
3140 |
24204 |
23528 |
676 |
24751 |
26178 |
- 1427 |
26022 |
23900 |
2122 |
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(Total Capital Account, |
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Current Account and |
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Errors & Omissions (A+B+C) |
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E. |
Monetary Movements |
- |
3140 |
- 3140 |
- |
676 |
- 676 |
1571 |
144 |
1427 |
- |
2122 |
- 2122 |
|
(i+ii) |
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i) |
I.M.F. |
- |
170 |
-170 |
- |
180 |
- 180 |
- |
144 |
- 144 |
- |
124 |
- 124 |
|
ii) |
Foreign Exchange Reserves |
- |
2970 |
- 2970 |
- |
496 |
- 496 |
1571 |
- |
1571 |
- |
1998 |
- 1998 |
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(Increase - / Decrease +) |
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|
|
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|
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|
(US $ million) |
||
Items |
April-June 1998PR |
July-Sept.1998PR |
Oct-Dec. 1998PR |
Jan.-Mar.1999 |
||||||||||
|
|
Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
Credit |
Debit |
Net |
|
|
|
14 |
15 |
16 |
17 |
18 |
19 |
20 |
21 |
22 |
23 |
24 |
25 |
|
A. |
CURRENT ACCOUNT |
|||||||||||||
I. |
MERCHANDISE |
7767 |
12543 |
-4776 |
8748 |
12120 |
- 3372 |
8236 |
11665 |
-3429 |
9547 |
11216 |
- 1669 |
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II. |
INVISIBLES (a+b+c) |
6268 |
3625 |
2643 |
6358 |
3992 |
2366 |
6001 |
3777 |
2224 |
7143 |
5168 |
1975 |
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a) |
Services |
3039 |
2564 |
475 |
3239 |
2641 |
598 |
3019 |
2262 |
757 |
3889 |
3554 |
335 |
|
i) |
Travel |
671 |
498 |
173 |
634 |
468 |
166 |
821 |
373 |
448 |
867 |
404 |
463 |
|
ii) |
Transportation |
447 |
741 |
-294 |
497 |
612 |
- 115 |
369 |
723 |
- 354 |
612 |
604 |
8 |
|
iii) |
Insurance |
58 |
27 |
31 |
54 |
35 |
19 |
50 |
20 |
30 |
62 |
30 |
32 |
|
iv) |
G.n.i.e. |
100 |
147 |
- 47 |
224 |
80 |
144 |
191 |
72 |
119 |
82 |
26 |
56 |
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v) |
Miscellaneous |
1763 |
1151 |
612 |
1830 |
1446 |
384 |
1588 |
1074 |
514 |
2266 |
2490 |
- 224 |
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b) |
Transfers |
2687 |
19 |
2668 |
2698 |
18 |
2680 |
2525 |
16 |
2509 |
2739 |
9 |
2730 |
|
vi) |
Official |
43 |
- |
43 |
71 |
- |
71 |
102 |
- |
102 |
92 |
1 |
91 |
|
vii) |
Private |
2644 |
19 |
2625 |
2627 |
18 |
2609 |
2423 |
16 |
2407 |
2647 |
8 |
2639 |
|
c) |
Income |
542 |
1042 |
-500 |
421 |
1333 |
- 912 |
457 |
1499 |
- 1042 |
515 |
1605 |
- 1090 |
|
i) |
Investment Income |
542 |
1038 |
-496 |
412 |
1330 |
- 918 |
439 |
1494 |
- 1055 |
500 |
1600 |
- 1100 |
|
ii) |
Compensation of employees |
- |
4 |
- 4 |
9 |
3 |
6 |
18 |
5 |
13 |
15 |
5 |
10 |
|
Total Current Account (I+II) |
14035 |
16168 |
-2133 |
15106 |
16112 |
- 1006 |
14237 |
15442 |
- 1205 |
16690 |
16384 |
306 |
||
B. |
CAPITAL ACCOUNT |
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1. |
Foreign Investment |
1274 |
767 |
507 |
1344 |
983 |
361 |
1470 |
1285 |
185 |
1804 |
545 |
1259 |
|
(a+b) |
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a) |
In India |
1159 |
678 |
481 |
1334 |
908 |
426 |
1469 |
1253 |
216 |
1781 |
492 |
1289 |
|
i. |
Direct |
908 |
4 |
904 |
544 |
1 |
543 |
373 |
8 |
365 |
693 |
25 |
668 |
|
ii. |
Portfolio |
251 |
674 |
-423 |
790 |
907 |
- 117 |
1096 |
1245 |
- 149 |
1088 |
467 |
621 |
|
b) |
Abroad |
115 |
89 |
26 |
10 |
75 |
- 65 |
1 |
32 |
- 31 |
23 |
53 |
- 30 |
|
2. |
Loans (a+b+c) |
2782 |
3213 |
-431 |
6955 |
3224 |
3731 |
2273 |
2082 |
191 |
2761 |
1834 |
927 |
|
a) |
External Assistance |
418 |
469 |
- 51 |
501 |
511 |
- 10 |
854 |
562 |
292 |
953 |
385 |
568 |
|
i) |
By India |
- |
9 |
- 9 |
- |
6 |
- 6 |
- |
4 |
- 4 |
- |
2 |
- 2 |
|
ii) |
To India |
418 |
460 |
- 42 |
501 |
505 |
- 4 |
854 |
558 |
296 |
953 |
383 |
570 |
|
b) |
Commercial Borrowings |
754 |
622 |
132 |
5073 |
877 |
4196 |
455 |
593 |
- 138 |
949 |
772 |
177 |
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(MT & LT) |
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i) |
By India |
- |
- |
- |
- |
- |
- |
5 |
- |
5 |
- |
- |
- |
|
ii) |
To India |
754 |
622 |
132 |
5073 |
877 |
4196 |
450 |
593 |
- 143 |
949 |
772 |
177 |
|
c) |
Short Term To India |
1610 |
2122 |
-512 |
1381 |
1836 |
- 455 |
964 |
927 |
37 |
859 |
677 |
182 |
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3. |
Banking Capital (a+b) |
1687 |
2200 |
-513 |
1380 |
1666 |
- 286 |
1773 |
1305 |
468 |
3357 |
1546 |
1811 |
|
a) |
Commercial Banks |
1347 |
2199 |
-852 |
1365 |
1514 |
- 149 |
1768 |
1253 |
515 |
2288 |
1468 |
820 |
|
i) |
Assets |
5 |
1301 |
-1296 |
644 |
400 |
244 |
448 |
709 |
- 261 |
247 |
331 |
- 84 |
|
ii) |
Liabilities |
4 |
41 |
- 37 |
56 |
14 |
42 |
21 |
10 |
11 |
43 |
70 |
- 27 |
|
iii) |
Non -Resident Deposits |
1338 |
857 |
481 |
665 |
1100 |
- 435 |
1299 |
534 |
765 |
1998 |
1067 |
931 |
|
b) |
Others |
340 |
1 |
339 |
15 |
152 |
- 137 |
5 |
52 |
- 47 |
1069 |
78 |
991 |
|
4. |
Rupee Debt Service |
- |
585 |
-585 |
- |
3 |
- 3 |
- |
58 |
- 58 |
- |
156 |
- 156 |
|
5. |
Other Capital |
1461 |
167 |
1294 |
532 |
815 |
-283 |
1247 |
212 |
1035 |
718 |
1607 |
- 889 |
|
Total Capital Account |
7204 |
6932 |
272 |
10211 |
6691 |
3520 |
6763 |
4942 |
1821 |
8640 |
5688 |
2952 |
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(1 to 5) |
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C. |
Errors & Omissions |
103 |
- |
103 |
- |
639 |
-639 |
211 |
- |
211 |
20 |
- |
20 |
|
D. |
Overall Balance |
21342 |
23100 |
-1758 |
25317 |
23442 |
1875 |
21211 |
20384 |
827 |
25350 |
22072 |
3278 |
|
(Total Capital Account, |
||||||||||||||
Current Account and |
||||||||||||||
Errors & Omissions (A+B+C) |
||||||||||||||
E. |
Monetary Movements |
1860 |
102 |
1758 |
- |
1875 |
- 1875 |
- |
827 |
- 827 |
- |
3278 |
- 3278 |
|
(i+ii) |
||||||||||||||
i) |
I.M.F. |
- |
102 |
-102 |
- |
97 |
- 97 |
- |
91 |
- 91 |
- |
103 |
- 103 |
|
ii) |
Foreign Exchange Reserves |
1860 |
- |
1860 |
- |
1778 |
- 1778 |
- |
736 |
- 736 |
- |
3175 |
- 3175 |
|
|
|
(Increase - / Decrease +) |
|
|
|
|
|
|
|
|
|
|
|
|
PR : |
Partially Revised. |
See note to table 44. |
|
Also see 'Notes on Tables'. |